Global Food Traceability Market Drivers is Responsible for Increasing Market Share and Forecast 2026
Definition: Traceability is the ability to track any food through all stages of production, processing and distribution (including importation and at retail). Traceability should mean that movements can be traced one step backwards and one step forward at any point in the supply chain. For food processing businesses, traceability should extend to being able to identify the source of all food inputs such as: · raw materials · additives · other ingredients · packaging. Analysis of Global Food Traceability Market report: Global food traceability market is expected to rise to an estimated value of USD 24.49 billion by 2026 , registering a substantial CAGR of 9.30% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of its ap...